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Date: 2021-08-11 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by subsection (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs, being satisfied that it is necessary and expedient to do so

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

## Policy Analysis Report: Customs Notification No. 66/2021-Customs (N.T.) **1. Executive Summary:** This report analyzes Customs Notification No. 66/2021-Customs (N.T.), issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs on August 11, 2021. This notification is an *amendment* to a previous notification (No. 36/2001-Customs (N.T.) dated August 3, 2001). The core purpose of this amendment is to update the tariff values for specific goods, primarily palm oil, soybean oil, brass scrap, gold, silver, and areca nuts, as detailed in the attached tables. The key finding is that the tariff values are being updated (although based on the notation "i.e., no change" the updated values are equal to the original values) for these goods. **2. Introduction:** This report provides an informative analysis of Customs Notification No. 66/2021-Customs (N.T.), based solely on the information contained within the provided policy text. The report aims to clarify the changes introduced by this amendment and its potential impact on affected industries. **3. Policy Overview:** * This notification is an *amendment* to the original notification No. 36/2001-Customs (N.T.), dated August 3, 2001. * **Core Objective(s):** The primary objective, as inferred from the text, is to periodically update and revise the tariff values for imported goods, as regulated under Section 14 of the Customs Act, 1962. **4. Background and Rationale:** The likely reason for this specific amendment is to ensure that tariff values for the listed goods accurately reflect current market conditions and economic factors. Regularly updating these values is necessary for the effective implementation of customs duties and trade policies. However, it is noted that the attached tables reflect "no change" from the original values. **5. Key Provisions / Changes:** This notification amends Notification No. 36/2001-Customs (N.T.) by *substituting* the original TABLE 1, TABLE 2, and TABLE 3 with new tables. These tables list specific goods and their corresponding tariff values in US Dollars. * **Specific Part Changed:** TABLE 1, TABLE 2, and TABLE 3 of the original notification. * **New Rule/Provision:** The *new* rule is the *updated* (yet unchanged) tariff values for the following goods: * **TABLE 1:** Crude Palm Oil, RBD Palm Oil, Others Palm Oil, Crude Palmolein, RBD Palmolein, Others Palmolein, Crude Soya bean Oil, and Brass Scrap (all grades). * **TABLE 2:** Gold (in various forms) and Silver (in various forms), subject to certain conditions and clarifications. * **TABLE 3:** Areca nuts. * **Difference/Effect:** While the intention is likely to update the tariff values, the appended tables and descriptions state "i.e., no change". Therefore, the *effect* of this specific change *in practice* may be negligible, as the tariff values are essentially being re-affirmed. However, the notification does serve to officially review the values. **6. Target Audience and Stakeholders:** The target audience and stakeholders directly affected by this amendment include: * Importers and exporters of the goods listed in TABLE 1, TABLE 2, and TABLE 3 (Palm Oil, Soybean Oil, Brass Scrap, Gold, Silver, and Areca nuts). * Customs brokers and agents. * Businesses involved in the trade and processing of these commodities. * The Central Board of Indirect Taxes and Customs (CBIC) and other relevant government agencies involved in customs administration. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Central Board of Indirect Taxes and Customs (CBIC) is the responsible body for implementing and enforcing this notification. * **Timelines/Procedures:** The notification comes into effect on August 12, 2021. The procedure for implementation involves applying the tariff values specified in the amended tables for the assessment of customs duties on the listed goods. * **Implementation Aspects related specifically to the changes:** Since the values are stated to be unchanged, the primary implementation aspect is ensuring that customs officials and importers are aware that the existing tariff values are being re-affirmed as of August 12, 2021. **8. Expected Outcomes / Impact of Changes:** The intended outcome of these amendments (given the notation of "no change") is most likely to maintain the existing customs revenue and trade flow related to these goods. While no immediate practical change is expected, the periodic review and reaffirmation of tariff values help ensure a stable and predictable trade environment. **9. Conclusion:** Customs Notification No. 66/2021-Customs (N.T.) is an amendment that updates the tariff values for specific imported goods, including palm oil, soybean oil, brass scrap, gold, silver, and areca nuts. Based on the tables in the notification, there are no changes to tariff values. The notification serves as a reaffirmation of existing tariff values which helps maintain the existing customs revenue and trade flow. The notification is effective from August 12, 2021 and is significant for businesses involved in the import and export of these commodities.

Key Entities Referenced

NEW DELHI: City in India, place of publication of the notification the 11th August, 2021: Date of the notification MINISTRY OF FINANCE: The government ministry issuing the notification Department of Revenue: Department within the Ministry of Finance CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS: Organization under the Department of Revenue Customs Act, 1962: Law being amended by this notification Government of India: Governing body of India S.O. 748 E: Notification number of the original notification Crude Palm Oil: Good listed in Table 1 RBD Palm Oil: Good listed in Table 1 Others Palm Oil: Good listed in Table 1 Crude Palmolein: Good listed in Table 1 RBD Palmolein: Good listed in Table 1 Others Palmolein: Good listed in Table 1 Crude Soya bean Oil: Good listed in Table 1 Brass Scrap: Good listed in Table 1 Gold: Good listed in Table 2 Silver: Good listed in Table 2 Areca nuts: Good listed in Table 3 30.06.2017: Date of Notification No. 502017Customs the 12th day of August, 2021: Effective date of the notification BULLO MAMU: Name of the Under Secretary Mayapuri, New Delhi: Location of the Government of India Press
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रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एxलxx.G-अID.E-x1x1x0 82021-228921 CG-DL-E-11082021-228921 असाधारण EXTRAORDINARY भाग II—खण्ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 3004] नई ददल्ली, बधु िार, अगस्ट्त 11, 2021/श्रािण 20, 1943 No. 3004] NEW DELHI, WEDNESDAY, AUGUST 11, 2021/SHRAVANA 20, 1943 जित्त मत्रं ालय (राजस्ट्ि जिभाग) (केंद्रीय अप्रत्यक्ष कर एि ंसीमा िल्ु क बोड)ड अजधसचू ना नई ददल्ली, 11 अगस्ट्त, 2021 स.ं 66/2021-सीमा िल्ु क (ग.ैट.ै) का.आ. 3243(अ).—सीमा िुल्क अजधजनयम, 1962 (1962 का 52) की धारा 14 की उपधारा (2) द्वारा प्रदत् त िजियों का प्रयोग करते हुए, केंद्रीय अप्रत्यक्ष कर एि ं सीमा िुल्क बोडड, इस बात स े संतुष्ट होने पर दक ऐसा करना आिश्यक एि ं समीचीन ह,ै एतद्द्वारा, भारत सरकार, जित्त मंत्रालय (राजस्ट्ि जिभाग) की अजधसूचना स.ं 36/2001-सीमा िुल्क (ग.ै ट.ै ), ददनांक 3 अगस्ट्त, 2001, जजसे का.आ. 748 (अ), ददनांक 3 अगस्ट्त, 2001 के तहत भारत के राजपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें प्रकाजित दकया गया था, म ें जनम्नजलजखत संिोधन करता ह,ै अथाडत:्- उक्त अजधसूचना म,ें सारणी-1, सारणी-2 और सारणी-3 के स्ट्थान पर जनम्नजलजखत सारजणयााँ प्रजतस्ट्थाजपत की जाएाँगी, अथाडत:्- "सारणी-1 अध्य ाय/िीर्ड/उपिीर्ड/ टैररफ मूल् य क्रम. स.ं माल का जििरण टैररफ मद (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 1511 10 00 कच्चा पॉम ऑयल 1029 (अथाडत कोई पररितडन नहीं) 2 1511 90 10 आर बी डी पॉम ऑयल 1055 (अथाडत कोई पररितडन नहीं) 4458 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 3 1511 90 90 अन् य पॉम ऑयल 1042 (अथाडत कोई पररितडन नहीं) 4 1511 10 00 कच्चा पामोजलन 1061 (अथाडत कोई पररितडन नहीं) 5 1511 90 20 आर बी डी पामोलीन 1064 (अथाडत कोई पररितडन नहीं) 6 1511 90 90 अन्य पामोलीन 1063 (अथाडत कोई पररितडन नहीं) 7 1507 10 00 सोयाबीन का कच् चा तेल 1228 (अथाडत कोई पररितडन नहीं) 8 7404 00 22 पीतल स्ट् क्रेप (सभी ग्रेड) 5554 (अथाडत कोई पररितडन नहीं) सारणी-2 क्रम. स.ं अध्य ाय/िीर्ड/ टैररफ मूल् य माल का जििरण उपिीर्ड/ टैररफ मद (अमरीकी डालर) (1) (2) (3) (4) 1 71 या 98 स्ट्िणड, दकसी भी रूप में, जजसके सम्बन्ध में अजधसूचना 555 प्रजत 10 ग्राम संख्या 50/2017-सीमा िुल्क, ददनांक 30.06.2017 की प्रजिजष्ट संख्या 356 के अंतगडत लाभ प्राप्त दकया गया हो 2 71 या 98 रजत, दकसी भी रूप में, जजसके सम्बन्ध में अजधसूचना 824 प्रजत दकलोग्राम संख्या 50/2017-सीमा िुल्क, ददनांक 30.06.2017 की प्रजिजष्ट (अथाडत कोई संख्या 357 के अंतगडत लाभ प्राप्त दकया गया हो पररितडन नहीं) (i) रजत, पदकीय या रजत जसक्कों से जभन्न दकसी भी रूप में, जजसकी रजत अंतिडस्ट्तु 99.9 प्रजतित से कम नहीं है या उपिीर् ड 7106 92 के अधीन आन ेिाले रजत के अध डजिजनर्ममत प्ररूप; (ii) पदकीय या रजत जसक्के, जजसकी रजत अंतिडस्ट्तु 99.9 प्रजतित से कम नहीं ह ै या डाक, कुररयर या सामान के माध्यम 824 प्रजत दकलोग्राम से ऐसे माल के आयात से जभन्न उपिीर्ड 7106 92 के अधीन 3 71 (अथाडत कोई आन ेिाले रजत के अधड जिजनर्ममत प्ररूप। पररितडन नहीं) स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोजनों के जलए, दकसी भी प्ररूप म ें रजत के अंतगडत जिदिे ी मुद्रा के जसक्के, रजत स े बने आभूर्ण या रजत से बनी िस्ट्तुएं नहीं ह।ैं (i) स्ट्िणड बार, तोला बार से जभन्न, जजस पर जिजनमाडणकता ड या ररयाइनर का खुदा हुआ क्रम संख्यांक और जमररक यूजनटों में भार अजभव्यि ह;ै (ii) स्ट्िणड जसक्के, जजसम ें 99.5 प्रजतित से अन्यून स्ट्िणड ह,ै और स्ट्िणड प्राजप्तया,ं डाक, कुररयर या बैगेज के माध्यम से ऐसे माल के आयात से जभन्न। 4 71 555 प्रजत 10 ग्राम स्ट्पष्टीकरण - इस प्रजिजष्ट के प्रयोजन के जलए, "स्ट्िणड प्राजप्तया"ं स े कोई छोटा संघटक, जैसे हुक, क्लास्ट्प, क्लैंप, जपन, कैच, स्ट्क्रू बैक, जजसका उपयोग पूण ड आभूर्ण या उसके दकसी भाग को स्ट्थान में जोड़े रखने के जलए दकया जाता है, अजभप्रेत ह।ै सारणी-3 क्रम. स.ं अध्य ाय/िीर्ड/ टैररफ मूल् य माल का जििरण उपिीर्ड/ टैररफ मद (अमरीकी डालर प्रजत मीररक टन) (1) (2) (3) (4) 1 080280 सुपारी 4904” (अथाडत कोई पररितडन नहीं) 2. यह अजधसूचना 12 अगस्ट्त, 2021 से प्रभािी होगी I [फा. स.ं 467/01/2021-सीमा िुल्क –V] बुलो मामु, अिर सजचि[भाग II—खण् ड 3(ii)] भारत का राजपत्र : असाधारण 3 नोट : मूल अजधसूचना भारत के राजपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें अजधसूचना स.ं 36/2001-सीमा िुल् क (ग.ैटै.), ददनांक 3 अगस्ट्त, 2001, का.आ. 748 (अ), ददनांक 3 अगस्ट्त, 2001 के तहत प्रकाजित की गई थी, तथा यह अंजतम बार अजधसूचना स.ं 63/2021-सीमािुल्क (ग.ैटै.), ददनांक 30 जुलाई, 2021, जजसे का.आ. 3068 (अ) ददनांक 30 जुलाई, 2021, के तहत भारत के राजपत्र, असाधारण के भाग-II, खंड-3, उपखंड (ii) म ें ई-प्रकाजित दकया गया था, के द्वारा संिोजधत की गई थीI MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 11th August, 2021 No. 66/2021-CUSTOMS (N.T.) S.O. 3243(E).—In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:- In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted, namely: - “TABLE-1 Chapter/ heading/ sub- Tariff value Sl. No. Description of goods heading/tariff item (US $Per Metric Tonne) (1) (2) (3) (4) 1 1511 10 00 Crude Palm Oil 1029 (i.e., no change) 2 1511 90 10 RBD Palm Oil 1055 (i.e., no change) 3 1511 90 90 Others – Palm Oil 1042 (i.e., no change) 4 1511 10 00 Crude Palmolein 1061 (i.e., no change) 5 1511 90 20 RBD Palmolein 1064 ((i.e., no change) 6 1511 90 90 Others – Palmolein 1063 (i.e., no change) 7 1507 10 00 Crude Soya bean Oil 1228 (i.e., no change) 8 7404 00 22 Brass Scrap (all grades) 5554 (i.e., no change) TABLE-2 Sl. Chapter/ heading/ sub- Description of goods Tariff value No. heading/tariff item (US $) (1) (2) (3) (4) 1. Gold, in any form, in respect of which the benefit of 71 or 98 entries at serial number 356 of the Notification No. 555 per 10 grams 50/2017-Customs dated 30.06.2017 is availed 2. Silver, in any form, in respect of which the benefit 824 per kilogram 71 or 98 of entries at serial number 357 of the Notification (i.e., no change) No. 50/2017-Customs dated 30.06.2017 is availed (i) Silver, in any form, other than medallions and silver coins having silver content not below 99.9% 824 per kilogram 71 or semi-manufactured forms of silver falling under (i.e., no change) sub-heading 7106 92; 3.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] (ii) Medallions and silver coins having silver content not below 99.9% or semi-manufactured forms of silver falling under sub-heading 7106 92, other than imports of such goods through post, courier or baggage. Explanation. - For the purposes of this entry, silver in any form shall not include foreign currency coins, jewellery made of silver or articles made of silver. (i) Gold bars, other than tola bars, bearing manufacturer’s or refiner’s engraved serial number and weight expressed in metric units; (ii) Gold coins having gold content not below 99.5% and gold findings, other than imports of such 4. 71 555 per 10 grams goods through post, courier or baggage. Explanation. - For the purposes of this entry, ―gold findings‖ means a small component such as hook, clasp, clamp, pin, catch, screw back used to hold the whole or a part of a piece of Jewellery in place. TABLE-3 Sl. Chapter/ heading/ Description of goods Tariff value No. sub-heading/tariff item (US $ Per Metric Tonne) (1) (2) (3) (4) 1 080280 Areca nuts 4904‖ (i.e., no change) 2. This notification shall come into force with effect from the 12th day of August, 2021. [F. No. 467/01/2021-Cus-V] BULLO MAMU, Under Secy. Note : The principal notification was published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide Notification No. 36/2001–Customs (N.T.), dated the 3rd August, 2001, vide number S. O. 748 (E), dated the 3rd August, 2001 and was last amended vide Notification No. 66/2021-Customs (N.T.), dated the 30th July, 2021, e-published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O. 3068 (E), dated 30th July, 2021. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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